Description
Job Summary:
The Retirement Plan Consultant position will work behind the scenes on an assigned book of business to perform annual testing, asset valuations, and contribution calculations and prepare required IRS filings. They will be expected to work as part of a team including Relationship Managers, who manage the daily client communications; Compliance Analysts, who assist with daily administrative tasks; and other internal team members. This position has minimal exposure to clients, advisors, and CPA’s.
Duties/Responsibilities:
Delegate the loading of Census and Asset data to Analysts in Datair or other compliance software after completing preliminary review.
Review completed Form 5500's, 5330's, and SSA's.
Prepare and/or review reconciliation of assets and participant accounts.
Identify operational error and plan compliance issues, determine corrections, and instruct corrections to be made to appropriate Relationship Manager or other staff member.
Review and instruction the upload of vesting information to vendor websites to ensure accuracy.
Review the completed Valuation Package and prepare summary notes for the Relationship Manager to communicate to the plan sponsor.
Identify RMD’s and instruct Relationship Manager to facilitate payment to participants.
Thoroughly track each plans projects and intricacies daily within Pension Pro, including notes.
Calculate employer contributions and true-up contributions accurately.
Perform projections, tests and calculations.
Perform other tasks as requested.
Requirements
Required Skills/Abilities/Certifications:
Strong verbal and written communication skills using clear and grammatically correct language
The ability to problem solve, be proactive, and demonstrate initiative
Robust time management and organizational skills with the ability to multi-task required
Ability to work both independently and in a collaborative team environment
Superb attention to detail with the ability to meet deadlines
Education and Experience:
5+ years of progressive related experience in retirement plan compliance
Preferred Bachelor Degree in accounting, finance, or related field.
Experience using Datair, FT Williams, Pension Pro, and other retirement plan verification and calculation software platforms required.
Comprehensive knowledge and understanding of retirement plans and record-keeping platforms
Working Conditions and Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer are required.
Requires the ability to operate a computer, phone, keyboard, mouse, and other related office equipment.
Requires the ability to communicate and exchange information to others over phone or video conferencing software.
The ability to see and observe printed or electronic information on computer monitors.
Working conditions include a normal indoor office environment. If remote in employee’s home, the space should be free of interruptions with minimal background noise.
Regular work hours should match those hours of the clients and other employees are working which is generally Monday through Friday in the 7:00am – 6:00pm range depending on the assigned team.